The directors of the merged Australian Retirement Fund and the Superannuation Trust of Australia have gone for an easily recognised brand for the new 1.1 million member, $20 billion entity — AustralianSuper.
The directors announced in Melbourne yesterday that they had selected AustralianSuper as the new name for the fund after commissioning Richard Henderson to undertake the re-branding exercise.
Announcing the change, the chair of the new fund, Geoff Ashton, said the merger had not simply been aimed at creating the largest superannuation fund, but at utilising its size to deliver improved superannuation products and services to members.
He said that as of July 1, members would have access to an extended range of 15 member investment options, along with substantially improved insurance products, with in-house retirement income products also on the agenda.
The Assistant Treasurer has reaffirmed the government’s commitment to strengthening retirement outcomes, consumer protections and cyber resilience in superannuation.
The industry super fund has advanced reconciliation efforts with a new initiative focused on improving outcomes for First Nations members.
The regulator has announced fresh legal actions in relation to the Shield and First Guardian fund failures.
The Gateway Network Governance Body has unveiled a detailed roadmap to guide the superannuation industry through the upcoming Payday Super reforms.